TEO Monday Morning Briefing, 26/02/2018

Vision Esports raises $38 million from across the sports and entertainment industry, London will host its first ever CS:GO Major, and Overwatch League viewers can get free skins and other items…just for tuning in.

Missed any of the biggest esports business news last week? The TEO Monday Morning briefing recaps the top headlines from the last seven days!

Vision Esports has completed a $38 million investment round led by Evolution Media, a firm set up by TPG Growth and Creative Artists Agency, the latter being one of the world’s largest talent agencies. The backers included NBA player Kevin Durant, NFL player Odell Beckham Jr., and MLB team the St. Louis Cardinals.

In case you’re unaware, Vision Esports is the special purpose investment vehicle set up to raise funds for esports stat holder and tournament organizer Twin Galaxies, production company Vision Entertainment, and of course Echo Fox, the pro esports team organization of former NBA player Rick Fox.

In other investment news, FanAI, an esports monetization platform, has closed a $2.5 million funding round, led by Courtside Ventures and CRCM Ventures, and shortly after its acquisition by Blackhawk Resource Corporation, UMG Media has entered agreements to acquire apparel company Meta Threads for an undisclosed amount.

As the Overwatch League Stage Two begins, Blizzard Entertainment announced that viewers will unlock chat emotes and in-game rewards by showing their support for teams.

The cheering program is designed to incentivize viewers to watching full map games and entire matches, and will deliver league tokens as well as unique skins and emotes not normally available in the game.

Finally, the first ever Counter-Strike: Global Offensive Major in the UK has been announced for this September. Tournament platform and Esports Championship Series organizer FACEIT will be running the event, which invites up to 10,000 fans to London’s Wembley SSE Arena to watch teams compete for a $1 million prize pool.

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